Analytics built by: Location, Inc.
Raw data sources: American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.
Methodology: NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data
With a population of 22,860, 7,943 total housing units (homes and apartments), and a median house value of $320,591, Avon real estate is some of the most expensive in Indiana, although Avon home values aren't among America's most expensive.
Single-family detached homes are the single most common housing type in Avon, accounting for 73.54% of the town's housing units. Other types of housing that are prevalent in Avon include large apartment complexes or high rise apartments ( 13.49%), row houses and other attached homes ( 8.47%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.52%).
Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Avon. Owner-occupied housing accounts for 75.97% of Avon's homes, and 63.88% have either three or four bedrooms, which is average sized relative to America.
Avon homes and real estate are some of the newest in America. 55.75% of Avon's housing was built since 2000, making the town have a very new look and feel. If you like the amenities of newer homes and subdivisions, then you will probably like what the Avon real estate market has to offer. Quite a bit of the housing here was also built between 1970-1999 ( 41.27%), and between 1940-1969 ( 1.88%). There's also some housing in Avon built before 1939 ( 1.11%).
Appreciation rates for homes in Avon have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 79.99%, which ranks in the top 50% nationwide. This equates to an annual average Avon house appreciation rate of 6.05%.
NeighborhoodScout's data show that during the latest twelve months, Avon's appreciation rate, at 7.58%, has been at or slightly above the national average. In the latest quarter, Avon's appreciation rate has been -1.99%, which annualizes to a rate of -7.71%.
Relative to Indiana, our data show that Avon's latest annual appreciation rate is higher than 50% of the other cities and towns in Indiana.
One very important thing to keep in mind is that these are average appreciation rates for the town. Individual neighborhoods within Avon differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Avon - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Avon real estate investment or home purchase decisions.
$2,047 / per month